Learn about the ITAT Delhi ruling in Amrik Sokhi vs. ITO for A.Y. 2015-16, where the claim of capital gain deduction u/s 54 is restored for verification. Details here.
Learn about ITAT Kolkata’s decision in Sushama Industries vs. ITO for AY 2011-12, where a 5% disallowance is made on profit element of bogus purchases. Details here.
Delhi High Court’s judgment in PCIT vs. Optimal Media Solutions Ltd. for AY 2009-10 clarifies that retention by advertising agencies is trade discount, not subject to TDS under section 194H.
Read about Babusona Mondal’s appeal against the AO’s addition under Section 69B. ITAT Kolkata rules that additions can’t be made based on conjectures without considering evidence.
In a recent judgment, Kerala High Court permits a Service Tax appeal subject to the mandatory deposit, ensuring compliance with legal requirements.
The Madras High Court sets aside an order rejecting the condonation of a 30-day delay in filing a tax appeal due to the assessee being abroad. Learn more.
Read about the CESTAT Ahmedabad ruling in Century Plyboards I Ltd Vs C.C.-Kandla case, highlighting the denial of anti-dumping duty refund for past clearances and its implications.
In a recent judgment, Kerala High Court annuls an assessment order, citing the importance of considering the assesse’s reply before passing judgments.
Read about Kai Vaijanath Channappa Darde Vaidyakiya Research Centre’s appeal against the rejection of its registration u/s 12A(1)(ac) by CIT(E). ITAT Pune remits the matter for de-novo consideration.
Read about Amit Agarwal’s appeal against the disallowance of interest on unsecured loans. ITAT Kolkata rules that additions can’t be allowed if loans were for business purposes.
